Report on IIC ONLINE Webinar SESSION

On 05/05/2020 between 3.0 pm to 4.0 pm, all 15 faculty members from computer department of Don Bosco College of Engineering attended a live webinar session on topic “Entrepreneurship, Business Idea and Business Model Canvas” organized by MHRD & Institute Innovation Cell. Entire session was focused on reasons behind success and failure of mushrooming entrepreneurship trends among young individuals in India. Session was addresses by three eminent speakers Dr. Sunil Shukla, Director General , EDII, Ahmedabad,  Dr. Amit Dwivedi, Associate Senior Faculty, EDII, Ahmedabad and Mr. Mayank Patel CEO, Cradle, Incubator, EDII, Ahmedabad.

Dr. Sunil Shukla started the session with discussion on the necessity of an entrepreneur of being competent. He told that driving with strong initiative, self confidence, desire to persuade the dream, monitoring etc play vital role in this process. He also stressed that every aspirant who think of becoming an entrepreneur must do his or her home work regarding the uniqueness, scalability as well as innovativeness of the product that he is to produce.

Dr. Amit Dwivedi told that in this era of information technology, entrepreneurship is expected to be knowledge and technology driven, due availability to fast information flow in public domain. Thus, today saying like “Entrepreneurs are born” is purely a myth. Importance of motivation and role of family was also discussed and was deduced that these aspects always play role of emotional quotient in the building confidence of an entrepreneur.

Mr. Mayank Patel spoke on business model canvas and the support system provided by EDII, where he told about cost structure of business and how it is linked with customer, business partner and other functional assets of the entire venture. He also discussed about the reasons behind high mortality rate in Indian entrepreneurship. He guided that one need to go in to the deeper aspects of problem that an individual is trying to address. Finally he also disclosed that a good team and all peoples involved in the team, plays a vital role in converting all efforts put in to a successful business. “Take care of people they will take care of your business”.

All three speakers agreed that determination of an individual, ability of doing adequate preparations in time, family backup, design of appropriate cost structure and deciding on uniqueness and innovativeness of product and strong financial planning will definitely play a key role in becoming a successful entrepreneur.